Microsoft is stepping up its investment in AI.
The technology company is forecasting a spend of billions of dollars on artificial intelligence solutions and expanding its computing capacity.
Microsoft is investing heavily in artificial intelligence, with a planned $175 billion in capital expenditures this year, and is building data centers at an accelerated pace. The company added 31 new data centers in the last quarter, bringing the total to 88 for the year, and added a gigawatt of power. Microsoft's CEO, Satya Nadella, sees AI as a key driver of future growth and is betting on offering businesses access to a range of AI models.
The company's cloud business, Azure, is growing strongly, with a 43% year-over-year increase in the last quarter, and Microsoft 365 Copilot has surpassed 30 million paid licenses. Microsoft's investments in AI, including its partnership with OpenAI, are starting to generate returns.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
